December 12, 2011 - The Steady Trader

Mid-Afternoon Update

Little to salivate over today in terms of pure price action so far….although we are dancing on the edge of a samurai knife here with a massive 30 point gap below and lots of air pockets above to fill as well. Something will give soon. The environment here remains lethal so stay away from it […]

Gap Update

There are so many air pockets (gaps) here any little wiggle will move us 20 handles in a hart beat. This here is the chart of the S&P 500 Emini Futures (March)…5 minute chart. Note the blue space and respect the massive potential for big moves here in coming hours and days.

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